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CalAmp Corp. F1Q11 (Qtr End 05/31/10) Earnings Call Transcript

CalAmp Corp. (CAMP)

F1Q11 (Qtr End 05/31/10) Earnings Call Transcript

July 8, 2010 4:30 pm ET

Executives

Lasse Glassen – IR, Financial Relations Board

Rick Gold – President & CEO

Rick Vitelle – CFO

Analysts

Mike Crawford – B. Riley & Company

Ilya Grozovsky – Morgan Joseph

Marc Robins – Catalyst Research

Richard Todaro – Kennedy Capital

James Basch – Dialectic Capital Partners

Presentation

Operator

Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the CalAmp fiscal 2011 first quarter conference call. During today’s presentation all participants will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator instructions) This conference is being recorded today, Thursday, July 8th, 2010.

And at this time I would now like to turn the conference over to Lasse Glassen with the Financial Relations Board. Please go ahead, sir.

Lasse Glassen

Thank you. Good afternoon, everybody. Welcome to CalAmp's fiscal 2011 first quarter earnings call. With us today are CalAmp’s Chief Executive Officer Rick Gold and the Company’s Chief Financial Officer, Rick Vitelle.

Before I turn the call over to management please remember that our prepared remarks and responses to questions may contain forward-looking statements. Words such as may, will, expect, intend, plan, believe, seek, could, estimate, judgment, targeting, should, anticipate, goal and variations of these words and similar expressions are intended to identify forward-looking statements.

Actual results could differ materially from those implied by such forward-looking statements due to a variety of factors including product demand, competitive pressures and pricing declines in the Company’s satellite and wireless markets, the timing of customer approval of new product designs, the length and extent of the global economic downturn that has and may continue to adversely affect the Company’s business, and other risks and uncertainties that are described in the Company’s Annual Report on Form 10-K for fiscal 2010 as filed on May 6th, 2010 with the Securities and Exchange Commission.

Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions we can give no assurance that its expectations will be attained. The Company undertakes no obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

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